re: Taxing the Rich until they stop paying(Posted by Bard on 12/6/12 at 10:40 am to mmcgrath)

quote:So you want to not tax the rich? Because the R's are in favor of taxing them too, fyi. All we are talking about is how much.

That's called "negotiating". If you've been following what's been going on then you saw how the GOP was staunchly against raising taxes on anyone at all (see: Norquist pledge). The GOP wanted spending cuts and the Dems wanted tax increases. In the spirit of working together the GOP has relented on its stance against tax hikes.

re: Taxing the Rich until they stop paying(Posted by LSUdm21 on 12/6/12 at 10:47 am to BugAC)

This is stupid. People aren't just going to stop earning that kind of money.

Look, people that make that kind of money and own businesses have so many ways to reduce their taxes it isn't funny. If I'm being taxed at a rate of 30% or so and a millionaire is being taxed at under 20% how does that make sense? A flat tax would solve that shite.

quote:You may ask, hasn’t California’s population increased from 32 million in 1994 to 37 million in 2010? That’s absolutely correct; the increase is from births and deaths and immigration to California from outside of the US. Unfortunately, a large number of Californian’s who were earning good incomes have decided to enjoy their gold in places other than the Golden State.

quote:According to one estimate, 254 businesses across a variety of industries moved all or some of their jobs out of state last year.

quote:California has both the highest state deficit in the country and the highest personal income tax.

quote:The Tax Foundation noted in a report that states like California and New York struggle with attracting businesses primarily because of their tax systems.

“The evidence shows that states with the best tax systems will be the most competitive in attracting new businesses and most effective at generating economic and employment growth,” according to the report.

Texas’ state and local tax burden is currently estimated to be 7.9 percent of income, one of the lowest in the nation, according to the Tax Foundation. Texas also boasts cheap labor and no state income tax.

re: Taxing the Rich until they stop paying(Posted by BugAC on 12/6/12 at 10:58 am to LSUdm21)

quote:But those companies moved to other states. They didn't shut down.

They moved away from California, therefore no more taxable income by those companies, goes back to California. Therefore, California is raising taxes on everyone, while providing sanctuary to illegal immigrants who pay no taxes.